Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share (Tables)

v3.4.0.3
Basic and Diluted Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss)

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the three-months ended:

 

    Three-months ended March 31, 2016  
      Net Loss
(Numerator)
      Shares
(Denominator)
      Per share
amount
 
Basic loss per share   $ (677,746 )     69,087,955     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (677,746 )     69,087,955     $ (0.01 )

 

    Three-months ended March 31, 2015  
      Net Loss
(Numerator)
      Shares
(Denominator)
      Per share
amount
 
Basic loss per share   $ (1,116,155 )     64,269,818     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,116,155 )     64,269,818     $ (0.02 )

Schedule of Computation of Diluted Net Income (Loss) Per Share

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive for the periods ended:

 

    March 31, 2016     March 31, 2015  
Common stock options     40,112,823       27,752,315  
Common stock warrants     46,413,374       31,781,610  
Total common stock equivalents     86,526,197       59,533,925